Archblock (previously TrustToken) has integrated #Chainlink Proof of Reserve directly into the minting function for #TUSD, an industry-first for USD-collateralized stablecoins.
This marks a major milestone for #stablecoin transparency.
trueusd.medium.com/trueusd-becomes-first-usd-backed-stablecoin-to-secure-minting-with-proof-of-reserves-fe8dbffde44f
PoR brings off-chain reserve data from The Network Firm on-chain to help ensure the TUSD supply can’t exceed the amount of USD held in reserves.
Below is the first transaction where PoR was used to help secure the minting of a USD-backed stablecoin.
etherscan.io/tx/0xce4b543b2e2be08f3d74e573046907b4b3f36336828c60724775a1273cd20689